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Trade commodities, Forex, stocks, CFDs and more from a single platform with Plus500

You could make money trading Forex, commodities and other instruments with Plus500.

Plus500 is one of Australia’s leading providers of Contracts for Difference (CFDs).

Currency Pairs

Plus500 offers forex trading between the following currency pairs:

AUD/USD

EUR/AUD

GPB/AUD

USD/CNH

AUD/NZD

AUD/SGD

EUR/USD

EUR/GBP

What trading levels are available with Plus500?

Plus500 offers two account options: a demo account and a live account. The demo account is designed to help aspiring traders get a feel for trading on Plus500, without risking any actual money.

Demo Account

On Plus500’s website, you can sign up for a free demo account. This doesn’t use real money. Instead, it’s similar to a stock market simulation. You start by downloading the free software, which starts you with virtual “money.” The demo account functions just like the real markets, but without any of your actual money at stake. You can set up and simulate trading strategies before you decide to invest any of your actual capital. If the balance falls below the equivalent of 200 Euros, the system will reinstate the initial demo, restoring funds.

From the login screen, you can click “Switch to Demo Mode” or “Switch to Real Money,” letting you move between both real and virtual trading.

Real Money Account

When you open a real money account with Plus500, you’ll receive a complimentary $20 welcome bonus. You’ll have access to Plus500’s full proprietary trading platform, which allows you to trade commodities, Forex, stocks, indices, ETFs, and CFDs from a single platform. The main screen has clearly labeled tabs for past trades and current positions, along with charting software that generates graphs. The Plus500 website features a web-based version, allowing you to access your account from anywhere. The Plus500 mobile app is currently available for Android, iPhones and the Apple Watch.

What trading platforms are available?

Plus500 uses proprietary trading software, available on several platforms. To access your account, you can log into your account on your PC, on a website, or via mobile app.

Extensive customer support. Plus500 offers comprehensive 24/7 customer support via email and fax. They also have an online live chat for help, available in multiple languages.

What are the pros and cons of using Plus500?

Pros

All-in-one trading platform

Low minimum deposit, making Plus500 accessible to beginners and those with a limited amount of money to invest

Informative demo program

Well suited for investors outside the United States

Cons

No telephone support

High risk; it’s possible to lose more than your initial investment if you involve yourself in Forex trading

Inactivity fee of USD$10 if the platform is not used for 3 consecutive months($13.11 AUD)

How do I sign up?

To sign up for Plus500, visit its website and click the blue button labeled “Start Trading Now.” You will have the option to create either a paid Real Money account, or a free Demo account that uses virtual money. For Real Money accounts, the minimum deposit is $100. You can fund your account with a credit or debit card, Skrill, Paypal or wire transfer.

You can download the Plus500 software from the website, or access your new account online. You can also visit the Apple Store or Google Play Store to download the mobile app.

If you wish to withdraw money from your account, you will need to verify your address, and you must supply a valid photo ID. The company may also request additional documentation at their discretion to verify your ownership of the account.

Do you have these questions about Plus500?

How do I verify my payment method?

Funds in your Plus500 account must come from a payment method that is in the same name as the account holder. If you deposit by credit or debit card, you may be asked to provide a photo or scan of your monthly card statement. For a bank transfer, you may need a bank statement. If you deposit money via Paypal or Skrill, Plus500 will undertake online verification within a few business days.

Are my funds at risk in case of insolvency or bankruptcy?

No. All client funds are held in segregated accounts, ensuring that your funds remain protected.

Can I have more than one trading account?

Plus500 encourages clients to focus on a single account. It reserves the right to close additional accounts, but will examine each case individually. In cases where an additional account is permitted, funds cannot be transferred between the two accounts.

Related Posts

GO Markets offers a comprehensive package to both beginner and experienced traders. Whether you’re new to the field or have a wealth of knowledge about forex trading, you can benefit from the wealth of information and advice on offer.

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